New Delhi, the capital city of India, is one of the chosen destinations among those who want to relocate themselves away from their hometowns. The metropolitan, which is the center of political and economic affairs of the country, has grown into a major hub of various commercial and business activities. Apart from the flourishing IT sector, renowned national and international companies are entering into business in various new sectors of the Indian economy, such as the ITES sector. A number of Indian and multi-national companies have set up their plush offices in the posh areas of Delhi and the National Capital Region, which includes Gurgaon, Noida, Faridabad and Ghaziabad. As a result, there has been a steep increase in the value of commercial and residential properties in Delhi NCR, over the last few years.
With the increased value of land and properties, the real estate business in Delhi has become a profitable venture for property dealers, real estate builders and developers. Buying, selling and renting property such as plots, apartments, floors, individual houses, flats and commercial complexes etc, has become a huge investment in Delhi NCR. More and more builders and developers are venturing into investments in the real estate business and are coming up with projects including commercial properties such as retail space, shopping malls, commercial markets and entertainment centers as well as residential properties such as integrated township, luxury flats, apartments, villas, penthouses, farmland and bungalows, in Delhi NCR. The builders and developers of Delhi and Delhi NCR have adopted contemporary layout and style for their state-of-the-art buildings.
The capital city of Delhi is on the topmost position of the list of Indian cities, in terms of the capital gains of the properties in the city. Over the years, there has been a steep increase in the value of lands in several areas of Delhi, which make them the most expensive areas of the city. There has been a drastic increase in the rental income of the property owners in Delhi, because one can earn well by renting flats in the city. On the other hand, those who dream of owning property in Delhi are resorting to financial assistance from banks and finance companies in the form of home loans and personal loans. To make their dreams come true, several banks and financial institutions are offering loans at easy installments and at attractive rates of interest.
Residential Properties in Delhi
The price range of residential properties in Delhi has been high, due to the overall increase in the value of land and properties. Chanakyapuri, Maharani Bagh, Friends Colony, Saket, Jor Bagh, Shanti Nagar, Aurangzeb Road, Vasant Vihar, South Extension (Part I and Part II) and Lajpat Nagar, are some of the places in Delhi where price range of residential properties have always been high. Corporate giants, diplomats and senior officials are inhabitants of some of the aforementioned places, and hence there has been persistent increase in the price of land and properties. Individual houses, bungalows and villas can be purchased and sold at negotiable rates, in these posh areas of Delhi.
There is high demand for flats and society apartments in Delhi. The DDA (Delhi Development Authority) has built residential properties all around the city, ranging from 1BHK, 2BHK and 3BHK flats, which are categorized as LIG, MIG and HIG flats, respectively. On the other hand, the private builders offer floors and individual houses. One can buy, sell and rent residential properties such as flats and apartments through property dealers in Delhi, at negotiable prices. On the other hand, luxurious residential properties in Delhi, such as penthouses, bungalows, independent villas and luxurious apartments, are generally purchased and sold through real estate agents.
The price of properties in Delhi varies from place to place. The prices are especially soaring in East Delhi areas including Mayur Vihar and the sub-city Dwarka. Rohini, the second largest residential sub-city in Asia, is another prominent hub for builders and developers in Delhi. Rohini is dotted with hotels, parks, malls, business centers and multiplexes.
Commercial Properties in Delhi
Certain places in Delhi are known as shopping centers of the city. The retail outlets of renowned Indian as well as international brands are concentrated at these shopping hubs of Delhi, which include Connaught Place, South Extension, Lajpat Nagar, Greater Kailash, Khan Market, Karol Bagh and Sarojini Nagar. Since the aforementioned places are quite prominent, prices of commercial properties is high. Modern shopping complexes and malls can also be found in Rohini, Rajouri Garden, Saket, Dwarka sub-city and Vasant Vihar. Apart from shopping centers, there is a huge lineup of offices and headquarters. Okhla Industrial Area, Nehru Place and Rajendra Place are the three main industrial areas of Delhi.
Townships in Delhi NCR
A number of integrated township projects have been launched in Delhi NCR, in the recent past. These proposed integrated townships are community habitats, which would offer all that a family needs - shopping malls, entertainment centers, hotels, hospitals and other amenities, all within the boundaries of a township. Such integrated townships, which generally have single developer as the owner, are developed and sold in phases. Depending upon the developer's capacity for investment in the land, integrated townships are built from plots ranging from as small as 40 acres to as sprawling as 3000 acres or even more. The prices of luxury apartments in these integrated townships can reach up to Rs 1 crore - Rs 3 crores and even higher.
Established names in the real estate business, such as DLF, Parsvnath, Omaxe, Alpha are coming up with township projects for Delhi NCR. 'DLF City' is also an upcoming township project in Gurgaon. 'Shipra Riviera' at Indirapuram is a prestigious township developed by the renowned builder - Shipra. 'Cape Town' is an upcoming township in Sector-74, Noida, developed by Supertech, which offers luxurious yet economical townships.
Top Builders and Developers in Delhi
There has been a steady growth in the number of builders and real estate developers entering into the real estate business of Delhi and Delhi NCR. The top builders and developers in Delhi are Ansal API, Ansal Housing, BPTP, DLF Home developers, Omaxe Ltd,Parsvnath Ltd, Ramprastha , Supertech, Unitech and Vatika. The real estate developers and builders of Delhi, who have been credited with successfully completed projects including residential and commercial properties, are bringing world-class standards to the architecture of their buildings, with comfort, luxury and security, in order to suit the needs of the buyers of the modern buyers.
